Coin Circle Li Ying: After breaking 71,000 with a volume of 4.9, and confirming the pullback, the short-term trend of Bitcoin still maintains a bullish pattern. Latest market analysis and operational suggestions.
Family! The current price of Bitcoin is 71,310, in the accelerated breakthrough stage of the oscillating upward channel. Rising along the middle track of the Bollinger Bands, breaking through the psychological barrier of 71,000 with increased volume recently, reaching a new high of 76,000 before pulling back, and currently forming a second confirmation support near 71,300. The Bollinger Bands are opening upwards, with the upper track at 72,962 constituting short-term pressure, and the lower track at 67,070 being a strong support area. The MA7 and MA30 are in a bullish arrangement, indicating a strong medium-term trend. The MACD dual lines are functioning at a high position, with red bars enlarging, showing abundant momentum, indicating that bulls still dominate the market.
The price is currently in the upper half of the Bollinger Bands, close to the upper track resistance, but there is no sign of a top divergence or volume shrinkage, indicating that the upward momentum has not yet exhausted. Although the MACD indicator is at a high position, the dual lines have not shown a death cross, and the red bars continue to enlarge, indicating that bullish sentiment remains strong. Transaction volume has moderately increased after breaking 71,000, showing that capital continues to flow in and the market's desire to chase up is strong. The MA120 as a long-term trend anchor has been effectively stabilized, and the medium-term trend has not reversed, indicating that Li Ying's perspective is completely correct and the bulls continue to exist.
Short-term reference:
Long strategy: 70,800-71,000, target 73,000 aiming for 73,500, stop loss at 70,000.
Short strategy: 72,800-73,000, target 71,500 aiming for 71,000, stop loss at 73,500.
Li Ying's message: The coin circle is not lacking in opportunities, but lacking in the eyes that see through the essence and the hands that execute strictly. Only by stabilizing the mindset can we smile until the end!
Risk warning: The above analysis by Li Ying is based on real-time market and data, for reference only, does not constitute investment advice, trading risks are borne by the trader.
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